You don't need to reinstall flash, restarting firefox completely (close all instances of the browser) will solve the problem.
It would be great if this problem could be fixed, but I doubt it has anything to do with ubuntu, its more likely that the problem is
in the 64 bit version of the flash plugin.
I've got the same problem actually, the problem is that flash keeps segfaulting, causing the gray box.
If you check dmesg you'll see something like this:
[28262.352742] npviewer. bin[13448] : segfault at 4 rip f6ee1d54 rsp ffc48b40 error 4 bin[13559] : segfault at 4 rip f6e3fd54 rsp ffbb1aa0 error 4
[28288.212763] npviewer.
You don't need to reinstall flash, restarting firefox completely (close all instances of the browser) will solve the problem.
It would be great if this problem could be fixed, but I doubt it has anything to do with ubuntu, its more likely that the problem is
in the 64 bit version of the flash plugin.